IWS vs. FVD
Compare and contrast key facts about iShares Russell Mid-Cap Value ETF (IWS) and First Trust Value Line Dividend Index Fund (FVD).
IWS and FVD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWS is a passively managed fund by iShares that tracks the performance of the Russell Midcap Value Index. It was launched on Jul 17, 2001. FVD is a passively managed fund by First Trust that tracks the performance of the Value Line Dividend Index. It was launched on Aug 26, 2003. Both IWS and FVD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IWS vs. FVD - Performance Comparison
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IWS vs. FVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 3.65% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 26.73% | -12.43% | 13.14% |
FVD First Trust Value Line Dividend Index Fund | 2.62% | 8.16% | 10.04% | 4.11% | -5.18% | 25.08% | -0.02% | 26.58% | -3.49% | 12.51% |
Returns By Period
In the year-to-date period, IWS achieves a 3.65% return, which is significantly higher than FVD's 2.62% return. Over the past 10 years, IWS has outperformed FVD with an annualized return of 9.51%, while FVD has yielded a comparatively lower 8.61% annualized return.
IWS
- 1D
- 2.43%
- 1M
- -5.01%
- YTD
- 3.65%
- 6M
- 5.15%
- 1Y
- 17.51%
- 3Y*
- 12.94%
- 5Y*
- 7.47%
- 10Y*
- 9.51%
FVD
- 1D
- 0.90%
- 1M
- -5.57%
- YTD
- 2.62%
- 6M
- 2.97%
- 1Y
- 8.00%
- 3Y*
- 7.92%
- 5Y*
- 6.65%
- 10Y*
- 8.61%
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IWS vs. FVD - Expense Ratio Comparison
IWS has a 0.23% expense ratio, which is lower than FVD's 0.61% expense ratio.
Return for Risk
IWS vs. FVD — Risk / Return Rank
IWS
FVD
IWS vs. FVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) and First Trust Value Line Dividend Index Fund (FVD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IWS | FVD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.64 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.00 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.96 | +0.41 |
Martin ratioReturn relative to average drawdown | 6.34 | 3.89 | +2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWS | FVD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.64 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.52 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.56 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.58 | -0.18 |
Correlation
The correlation between IWS and FVD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IWS vs. FVD - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.48%, less than FVD's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 1.48% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
FVD First Trust Value Line Dividend Index Fund | 2.30% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
Drawdowns
IWS vs. FVD - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, which is greater than FVD's maximum drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for IWS and FVD.
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Drawdown Indicators
| IWS | FVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -51.00% | -11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -9.29% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -16.41% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -35.25% | -8.58% |
Current DrawdownCurrent decline from peak | -5.29% | -5.57% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -5.45% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.30% | +0.59% |
Volatility
IWS vs. FVD - Volatility Comparison
iShares Russell Mid-Cap Value ETF (IWS) has a higher volatility of 5.38% compared to First Trust Value Line Dividend Index Fund (FVD) at 3.16%. This indicates that IWS's price experiences larger fluctuations and is considered to be riskier than FVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWS | FVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 3.16% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 6.49% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 12.56% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 12.76% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 15.43% | +3.92% |